Alert: See how 109 senators get N1.4bn annually from FG, reason emerges

• The federal government has finally opened up on what is being budgeted for 109 senators' annual salaries and allowances
• Through the RMAFC, the government discloses that each Nigerian senator earns monthly N1.06 million as salaries and allowances
• An analysis of the revelation further revealed that the federal government budgets nothing less than N1.4 billion annually to pay senators' salaries and allowances

The federal agency, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has disclosed that each Nigerian senator received N1.06 million as salaries and allowances every month.

The agency made the clarification as a response to the controversies on the earnings of the 109 Nigerian senators per month.

A breakdown of senator's salaries shows that FG spends N1.4bn annually Photo Credit: @NGRSenate
Source: Twitter

How much does Nigerian senator earn annually?

According to The Punch, an ex-ray of this shows that each senator earns N12.72m in 12 months. This also means that the federal government makes N1.4bn annual total expenditure for the 109 senators.

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Mohammed Shehu, the RMAFC chairman, disclosed this in a statement signed in Abuja on Tuesday, August 13.

Breakdown of a Nigerian senator's salaries

The monthly salary and allowances of a Nigerian senator is N1,063,860. The breakdown of the N1.06 million includes a basic salary of N168,866:70, a motor vehicle fuelling and maintenance allowance of N126,650:00, and a personal assistant allowance of N42,216:66.

He further said domestic staff is N126,650:00, entertainment is N50,660:00, utilities are N50,660:00, N25,330:00 for newspapers/periodicals, N42,216:66:00 for wardrobe, N8,443.33:00 goes to house maintenance, and N422,166:66 goes constituency allowance.

According to Shehu, regular allowances are paid with the basic salary, while non-regular allowances are paid on demand. Examples of non-regular allowances include furniture allowance (N6,079,200:00) and severance gratuity (N6,079,200:00), paid once per tenure, and vehicle allowance (N8,105,600:00), an optional loan to be repaid before leaving the office.

Source: Legit.ng